Oil rig news

Wellesley Petroleum has announced of the drilling results of Appraisal well 35/10-12 S operated by Wellesley. Drilling took place in licence PL1184 S with the COSL Promotor rig.

Devon Energy has announced it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at US$5 billion, consisting of US$3.25 billion of cash and US$1.75 billion of stock to the sellers.

The ‘Cuvette’ discovery was made in production licence 248, which was awarded in 1999.

Technip Energies, through its joint-venture TKJV LLP with KPSP, has announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak Field, located in northwest Kazakhstan near Aksai.

The company is selling 19.5% of its interests in production license PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG).

Seatrium has announced that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a floating production storage and offloading (FPSO) vessel.

Odfjell Technology has secured an important contract with COSL Drilling Europe AS. The fixed part of the contract, valued at approximately 160 million NOK, encompasses Tubular Running Services has a duration of three years, with the option for two additional one-year periods.

Chevron has announced today that its 50 % owned affiliate Tengizchevroil LLP (TCO) has safely commenced operations at its wellhead pressure management project (WPMP) at the Tengiz oil field in Kazakhstan.

TAG Oil has announced that it has successfully pumped all twelve planned stages of its multistage hydraulic frac on its BED4-T100 (T100) well location.

Borr Drilling has announced new contract commitments for three of its premium jack-up rigs, the ‘Prospector 1’, the ‘Gunnlod’, and a rig to be determined.